Aviva Share Discussion Threads

[spud] 13/3/2020 11:35

Coronavirus: Insurer Aviva cuts back travel cover
By Simon Gompertz
Personal finance correspondent, BBC News



One of the UK's biggest insurers has cut back on the cover available in new travel insurance policies because of the coronavirus outbreak.

Aviva says that people will still be able to buy its travel insurance - but they will not be able to add cover for travel disruption.

A spokesperson said: "We have decided to adjust our cover to reflect the current risks posed by coronavirus."

The news comes as airlines cancel thousands of flights worldwide.

Aviva customers who bought travel insurance before Monday still have the full level of cover.

But if the UK Foreign Office advises against travelling to further countries, a new Aviva policyholder would now not be able put in a claim under the travel disruption clause.

Instead the customer would have to wait to see if airlines cancelled flights, then put in a claim under a different clause called "abandonment". That would cover costs which couldn't be recovered from the airline.

How do I get home?
If you are stuck in a country which becomes subject to a Foreign Office warning, you would not be covered by a new Aviva insurance policy for return tickets.

You would have to rely on your airline to get you back.

In practice, many travellers may find that they are looked after by their carriers.
If you are on a package holiday, the tour operator should offer a refund or a rebooking, or get you home.

'Unforeseen and unexpected'
Aviva's move shows the level of concern in the insurance industry about the escalating cost of dealing with travel problems caused by the outbreak.

Aviva said in its statement: "Insurance is designed to provide cover for unforeseen and unexpected events and is priced on this basis.

"The outbreak of the coronavirus means there is an increased likelihood of disruption to people's travel plans."

One specialist travel insurance provider, Sportscover Direct, has announced a "coronavirus exclusion" from this week, which will apply to newly-sold policies.

spud

[tfergi] 13/3/2020 10:53

I think we are well past the 2018 lows...

[lord gnome] 13/3/2020 10:22

There's plenty of that about salver2.

[salver2] 13/3/2020 10:08

The thing I’m missing is the irrationality

[lako42] 13/3/2020 09:53

"Am I missing something here"

Erm, I would say so

[cromw3ll] 13/3/2020 09:24

My doctors only taking telephone calls from next week. No Face-2-Face appointments. Isolating doctors now. Lot worse to come imo. There will be further sell offs.

[salver2] 13/3/2020 09:16

Am I missing something here - why is this share so low - if it was double the value it still wouldn’t be overvalued if you put a market pe of 10 times earnings it should be nearer the six quid mark?

[salver2] 13/3/2020 09:16

Am I missing something here - why is this share so low - if it was double the value it still wouldn’t be overvalued if you put a market pe of 10 times earnings it should be nearer the six quid mark?

[lako42] 13/3/2020 09:12

This has reached my entry point, however it's come so quickly that I am holding off for a period.

We're not at the bottom I wouldn't expect.

All of my other targets still above entry price, i think lows of 2018 should be the minimum expectation.

[eurofox] 13/3/2020 08:47

had to top up with a few more at 274 , plenty of cash for more later

[eeza] 13/3/2020 08:20

FTSE peopled by eunuchs.

Red soon.

[uppompeii] 13/3/2020 08:14

Wont last, dont worry..

[spud] 13/3/2020 08:10

Waaay too much blue on my screen. I need to go sit down...spud

[spud] 13/3/2020 07:30

Market showing up 4.4% premarket.spud

[spud] 13/3/2020 07:27

Well it's Friday 13th today....Nuff said!spud

[eurofox] 13/3/2020 06:58

Probably to drag in a few more before the usual Monday carnage

[gaffer73] 13/3/2020 06:51

Uk futures up this morning

[whatsup32] 13/3/2020 02:39

Japan at pixel down 9.5% , Hong Kong down 5%.

Just when I thought it would finally cease the free fall

[smurfy2001] 12/3/2020 22:49

It's those pesky computers controlling the market nowadays.

[eeza] 12/3/2020 21:57

Posted earlier by Simon Gordon on SHA bb

"Ed Conway @EdConwaySky

The fall in UK share prices Jan - today is bigger than any three month period since the South Sea bubble burst in 1720
Bigger than 2008
Bigger than Black Monday 1987
Bigger than the Depression
Bigger than Dunkirk
Bigger than the Napoleonic wars"

[spud] 12/3/2020 21:41

He was referring to the DOW. As we follow it blindly, it might be worth bearing that level in mind. spud

[creme de menthe] 12/3/2020 21:35

Market could fall sharply next week as countries go into lockdown

[smurfy2001] 12/3/2020 21:27

FTSE 100 is down over 31%.

[spud] 12/3/2020 21:20

El-Erian sees stock market decline reaching 30% from highs and the world going into recession. Currently we're at 28.2%. spud

[creditcrunchies] 12/3/2020 20:59

What we don't need is another Donald Trump speech tonight in futures please.